- Sparton Resources (SRI) has released drill results from late 2020 at the Oakes Gold Project near Matachewan, Ontario
- The company diamond drilled six core holes comprising a total of approximately 800 metres
- Standout results include 1.91 g/t Ag over 6.5 metres and 0.31 g/t Au over 1.5 metres
- This summer, Sparton will sample the property where previous operators reported the presence of gold
- Sparton Resources is an exploration and development stage company with interests in properties in Canada and China
- Sparton Resources (SRI) is down 3.85 per cent and is currently trading at C$0.125 per share
Sparton Resources (SRI) has released drill results from late 2020 at the Oakes Gold Project near Matachewan, Ontario.
The company diamond drilled six core holes at the sites of historical holes comprising a total of approximately 800 metres.
All holes, except one, were drilled to the end of visible mineralization or alteration and ended in fresh rock material.
Assay results have been slow in coming due to COVID-19 delays and extremely high laboratory workloads. Sparton has submitted over 450 samples for precious metal and multi-element analyses. To date, the company has received results for about 70 percent of these.
Standout results thus far include:
- 0.31 g/t Au over 1.5 metres
- 0.22 g/t Au over 1.5 metres
- 1.91 g/t Ag over 6.5 metres
Zones of multiple stage quartz veining and mineralization occur in the completed drill holes at roughly the same intervals as reported in the shallow historical holes, but with significantly more mineralization. This indicates a much larger mineralized structural zone over 50 metres in width.
The core was logged systematically with a scintillometer to check for anomalous radioactivity associated with potassium alteration, which is characteristic of gold deposits in the area.
The work planned for later in 2021 will involve prospecting of the entire claim area surrounding the Oakes leases, as well as clearing and sampling various trenches on the property where previous operators reported the presence of gold. The company expects this work to begin in late spring or summer when field conditions are optimal.
Sparton Resources is an exploration and development stage company with interests in properties in Canada and China.
Sparton Resources (SRI) is down 3.85 per cent at market open and is currently trading at C$0.125 per share.
